Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que: (a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (“Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables (a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante; (b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures; (b) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente), y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y será: (i) apropiada en vista de Su sofisticación y experiencia, controles de seguridad y status financiero; (ii) de conformidad con xx Xxx Aplicable; y
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, warrant on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface.
(iv) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and further acknowledge and agree that Citibank will accept and work orders in good faith. You will make all trading decisions solely on the basis of Your own judgment (and upon advice from such advisers as You have deemed necessary to appoint) as to whether any Transaction is appropriate or proper and based on an independent evaluation of relevant factors, including the economic features of the financial instrument involved, the complexity of the financial instrument, and the associated market, credit and currency risks; Your Firm is not relying on any communication (written or oral) of Citibank, N.A. or its affiliated entities, as investment advice or as a recommendation to enter into any Transaction, it being understood that information and explanations related
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(d) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(e) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction.
(f) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person;
(g) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface;
(d) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and further acknowledge and agree that Citibank will accept and work orders in good faith. You will make all trading decisions solely on the basis of Your own judgment (and upon advice from such advisers as You have deemed necessary to appoint) as to whether any Transaction is appropriate or proper and based on an independent evaluation of relevant factors, including the economic features of the financial instrument involved, the complexity of the financial instrument, and the associated market, credit and currency risks; Your Firm is not relying on any communication (written or oral) of Citibank, N.A. or its affiliated entities, as investment advice or as a recommendation to enter into any Transaction, it being understood that information and explanations related to the terms of any Transaction shall not be
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(e) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(f) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction;
(g) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person; and
(h) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface;
(d) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and further acknowledge and agree that Citibank will accept and work orders in good faith. You will make all trading decisions solely on the basis of Your own judgment (and upon advice from such advisers as You have deemed necessary to appoint) as to whether any Transaction is appropriate or proper and based on an independent evaluation of relevant factors, including the economic features of the financial instrument involved, the complexity of the financial instrument, and the associated market, credit and currency risks; Your Firm is not relying on any communication (written or oral) of Citibank, N.A. or its affiliated entities, as investment advice or as a recommendation to enter into any Transaction, it being understood that information and explanations related to the terms of any Transaction shall not be considered investment advice or a recommendation to enter into the Transaction; Your Firm has not received from Citibank, N.A. or its affiliated entities, any assurance or guarantee as to the expected results of any Transaction; You expressly undertake that you will not use the System for any purpose which is contrary to law or regulation or in any manner which could:
(i) have the effect of manipulating or distorting a market; (ii) cause a false or misleading impression in relation to the price, volume or level of supply or demand for products or any underlying instruments or related financial instruments; (iii) have no commercial purpose (a.k.
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(e) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(f) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction;
(g) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person; and
(h) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, warrant on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface.
(iv) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(d) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(e) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction.
(f) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person;
(g) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface;
(d) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and further acknowledge and agree that Citibank will accept and work orders in good faith. You will make all trading decisions solely on the basis of Your own judgment (and upon advice from such advisers as You have deemed necessary to appoint) as to whether any Transaction is appropriate or proper and based on an independent evaluation of relevant factors, including the economic features of the financial instrument involved, the complexity of the financial instrument, and the associated market, credit and currency risks; Your Firm is not relying on any communication (written or oral) of Citibank, N.A. or its affiliated entities, as investment advice or as a recommendation to enter into any Transaction, it being understood that information and explanations related to the terms of any Transaction shall not be considered investment advice or a recommendation to enter into the Transaction; Your Firm has not received from Citibank, N.A. or its affiliated entities, any assurance or guarantee as to the expected results of any Transaction; You expressly undertake that you will not use the System for any purpose which is contrary to law or regulation or in any manner which could: (i) have the effect of manipulating or distorting a market; (ii) cause a false or misleading impression in relation to the price, volume or level of supply or demand for products or any underlying instruments or related financial instruments; (iii) have no commercial purpose (a.k.
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(e) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(f) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction;
(g) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person; and
(h) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
Instructions and Transactions. You and Your Firm are responsible for all instructions, messages, oral communication, telex, facsimile or other communications (including bids and offers) made through the System associated with Your identity and/or the Security Procedures assigned to You (“Instructions”), and such Instructions shall be binding on You and Your Firm. You transmit Instructions to Citibank at your own risk, and agree that Citibank will not be required to 6. Instrucciones y Transacciones. Usted y Su Firma serán responsables de todas las instrucciones, mensajes, comunicaciones orales, por télex, fax u otras comunicaciones (incluidas licitaciones y ofertas) realizadas a través del Sistema asociadas con Su identidad y/o los Procedimientos de Seguridad asignados a Usted (“Instrucciones”), y dichas Instrucciones serán vinculantes para Usted y Su Firma. Usted transmitirá Instrucciones a Citibank a su propio acknowledge receipt of any Instruction prior to processing such Instruction. You will not have a binding Transaction with Citibank until a confirmation of acceptance of that Transaction, including executed exchange rate, is transmitted by Citibank to You. You understand and agree that Citibank will accept and work orders on a best efforts basis. Citibank, in its sole discretion, may refuse to act on any Instruction, and may from time to time restrict trading in certain financial instruments. Citibank may reject, cancel or rescind any Transaction, or amend or vary the terms of any Transaction, in each case executed through the System including but not limited to circumstances in which (1) the Transaction was executed based on erroneous rates or prices, during a period of market volatility and/or constrained liquidity, in contravention or violation of any law or regulation or in circumstances illegal or improper and/or (2) the Confirmation was generated due to System error. Any such rejection, cancellation, rescission, amendment or variation as set out in this section 6 will be communicated to You as soon as reasonably practicable and where the terms of such Transaction have been amended or varied, the confirmation reflecting such amendment or variation shall supersede previous confirmations and constitute the prevailing record of the binding Transaction. Notifications of transactions by SMS or push notification shall not constitute a confirmation. You agree, represent and warrant, as applicable, warrant on a continuing basis that: riesgo y acepta que Citibank no tendrá que acusar recibo de ninguna Instrucción antes de procesar dicha Instrucción. Usted no realizará una Transacción vinculante con Citibank hasta que Citibank le transmita a Usted una confirmación de aceptación de dicha Transacción, incluida la xxxx xx xxxxxx aplicada. Usted comprende y acepta que Citibank aceptará y trabajará en los pedidos de la mejor manera posible. Citibank, a su entera discreción, podrá negarse a actuar bajo cualquier Instrucción, y podrá, ocasionalmente, restringir la negociación de ciertos instrumentos financieros. Citibank podrá rechazar, cancelar o rescindir cualquier Transacción, o enmendar o modificar los términos de cualquier Transacción, en cada caso ejecutados a través del Sistema, lo que incluye, entre otros, circunstancias en las que (1) la Transacción se haya ejecutado en función de tasas o precios erróneos, durante un período de volatilidad del xxxxxxx y/o liquidez restringida, en contravención o violación de cualquier ley o regulación, o en circunstancias ilegales o inapropiadas, y/o (2) la Confirmación se haya generado debido a un error del Sistema. Cualquier rechazo, cancelación, rescisión, enmienda o variación tal como se establece en esta sección 6 se le comunicará a Usted tan pronto como sea razonablemente posible y, en el caso de que los términos de dicha Transacción hayan sido enmendados o modificados, la confirmación que refleje dicha enmienda o modificación sustituirá las confirmaciones anteriores y constituirá el registro prevaleciente de la Transacción vinculante. Las notificaciones de transacciones por SMS o notificación push no constituirán una confirmación. Usted acepta, declara y garantiza, según corresponda, de manera continua que:
(a) Your Firm is acting for its own account and will be liable as a principal in respect of all Transactions and confirmation of Transactions through the System (“Confirmations”) You enter into through the System or either by facsimile, email or via SWIFT message to the Your nominated facsimile number, email or SWIFT addresses and the You hereby accept the risks associated with the means of communication selected; Your Firm has full power, capacity, authority and legal right to enter into Transactions and/or Confirmations; the Transactions and/or Confirmations constitute your Firm’s legal, valid and binding obligations enforceable in accordance with their terms; where You are acting as an (a) Su Firma está actuando para su propia cuenta y será responsable como mandante con respecto a todas las Transacciones y confirmaciones de Transacciones a través del Sistema (Agent the reference to “Confirmaciones”) a las que Usted ingrese a través del Sistema o por fax, correo electrónico o mediante mensaje SWIFT a Su número de fax, correo electrónico o direcciones SWIFT nominadas y por el presente Usted acepta los riesgos asociados con los medios de comunicación seleccionados. Su Firma tendrá pleno poder, capacidad, autoridad y derecho legal para realizar Transacciones y/o Confirmaciones; las Transacciones y/o Confirmaciones constituirán las obligaciones legales, válidas y vinculantes de Su Firma aplicables
(aYour Firm” in this section 6(a) shall be construed as a reference solely to Your principal, and not to You or Your employer, provided that You have notified Citibank that You are acting as an Agent and have provided evidence reasonably satisfactory to Citibank of Your authority to use the System on behalf of Your principal; conforme con sus términos; cuando Usted actúe como Agente, la referencia a “Su Firma” en esta sección 6(a) se interpretará como una referencia exclusivamente a Su mandante, y no a Usted ni a Su empleador, siempre que Usted haya notificado a Citibank que Usted está actuando como Agente y haya proporcionado evidencia razonablemente satisfactoria para Citibank de Su autoridad para usar el Sistema en nombre de Su mandante;
(b) Your Firm is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of any Transactions; Your Firm is also capable of assuming, and assumes, the finance and other risks of any Transaction; Each Instruction is and will be: (i) appropriate in view of Your sophistication and expertise, security controls and financial status; (ii) in compliance with Applicable Law; and (iii) conducted in accordance with Your Firm’s applicable governance requirements and all applicable internal policies or procedures;
(bc) Su Oficina xx xxxxx de evaluar y entender (por cuenta propia o a través de asesoramiento profesional independiente)Your Firm shall use the Algo Strategies solely for its own internal purposes and in compliance with the terms and conditions of this Agreement and Applicable Law. You will independently assess the suitability of any Algo Strategy and any associated parameters based on all information available to You. You will independently assess the risks of any Algo Strategy, y entiende y acepta los términos, las condiciones y los riesgos de cualquier Transacción; Su Oficina también xx xxxxx de asumir, y asume, el financiamiento y otros riesgos de cualquier Transacción; cada Instrucción es y seráincluding: (i) apropiada en vista de Su sofisticación y experienciathe risk that market conditions will prevent the algorithm from functioning in accordance with its strategy, controles de seguridad y status financieroparameters, risk controls or the counterparty’s expectations; (ii) de conformidad con xx Xxx Aplicablethe potential vulnerability of algorithmic order execution to the conduct of other market participants trading through a System where the algorithm sources liquidity; yand (iii) potential risks, including latency risks, from technological or operational delay, failure or malfunction at any level or from any source (including, but not limited to, external and/or internal Systems and Your trading connection or interface.
(iv) Citibank, N.A. (or its affiliated entities) is acting as principal and is not acting as a broker, agent, fiduciary, advisor or in any similar capacity for Your Firm in respect of any Transaction and further acknowledge and agree that Citibank will accept and work orders in good faith. You will make all trading decisions solely on the basis of Your own judgment (and upon advice from such advisers as You have deemed necessary to appoint) as to whether any Transaction is appropriate or proper and based on an independent evaluation of relevant factors, including the economic features of the financial instrument involved, the complexity of the financial instrument, and the associated market, credit and currency risks; Your Firm is not relying on any communication (written or oral) of Citibank, N.A. or its affiliated entities, as investment advice or as a recommendation to enter into any Transaction, it being understood that information and explanations related to the terms of any Transaction shall not be considered investment advice or a recommendation to enter into the Transaction; Your Firm has not received from Citibank,
a. “wash trades”); assist a misuse of information; (v) prejudice access to a trading or clearing system; or (vi) in Citi’s opinion abuse or take an unfair advantage of the nature or characteristics of the System or a market;
(d) If Your Firm and the specific Citibank, NA branch or Citibank affiliate (that Your Firm is transacting with) have entered or deemed to have entered into any ISDA or other master agreement governing Transactions of the type You engage in using the System, or subsequent to entering into this Agreement you enter into any ISDA or other master agreement of the type You engage in using the System, the Confirmations shall be deemed to be in conformity with the terms of such master agreement and any confirmation incorporating the terms of such master agreement with the respective Citibank entity as the case may be;
(e) Your Firm understands and agrees that (i) any transaction concluded by means of a recorded telephone conversation is a legally binding transaction as from the date of such conversation; (ii) the subsequent Confirmation serves only as written evidence of the valid and binding oral agreement; and (iii) failure to exchange Confirmations will not in any way invalidate the underlying oral transaction.
(f) When Citibank executes a Transaction with you, Citibank may be required under Applicable Law to, or may in response to an order, directive or request regarding reporting and/or retention of Transaction or similar information issued by any government authority and regulatory authorities or any other regulatory body, or agency, make information regarding the Transaction and its execution (which may include information about you) public or available or to report such information to any competent regulatory, prosecuting, tax or governmental authority or agency, or central bank, in any jurisdiction, domestic or foreign and/or other person;
(g) Where Citibank has received or subsequently receives your specific consent to do so, Citibank may provide You with information that is required to be provided in a durable medium by way of email, PDF document or by any other durable medium that is not paper. With your specific consent, Citibank may also provide certain of such information not personally addressed to you by means of such websites as you are notified of by us.
Appears in 1 contract
Samples: Electronic Access and User Agreement
